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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Lizzie Tudor who wrote (16526)2/2/2004 2:54:53 PM
From: TradeliteRead Replies (2) of 306849
 
Wonder whether the apparent decline in wages and salaries has anything to do with the fact that many of the layoffs we've been hearing about involve the older, higher-paid workers, many of whom just take early retirement.

Have recently seen stories about job cuts at certain companies in which early-out incentives have been offered to workers. In government, these early-out incentives have been used for years to trim payrolls and get rid of the higher-paid workers who are already at or near retirement age. This leaves the employer with a more affordable, lower-paid workforce.
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